On December 31,2021, the end of its first year of operations, Sheridan Associates owned the following securities that are held as long-term investments. On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the investees. In 2022, the following transactions occurred. July 1 Received $2.00 per share semiannual cash dividend on D Co. common stock. Aug. 1 Received $0.50 per share cash dividend on C Co. common stock. Sept. 1 Sold 990 shares of D Co. common stock for cash at $10 per share. Oct. 1 Sold 326 shares of C Co. common stock for cash at $50 per share. Nov. 1 Received $1 per share cash dividend on E Co. common stock. Dec. 15 Received $0.50 per share cash dividend on C Co. common stock. 31 Received $2.20 per share semiannual cash dividend on D Co. common stock. At December 31, the fair values per share of the common stocks were C Co. $44,DC o. $6.70, and E Co. $23. These investments should be classified as long-term. Prepare the adjusting entry at December 31,2022, to show the securities at fair value. Sheridan has less than a 20% ownership interest in all these common stocks (C Co., D Co., and E Co.). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Lasl saveu seluilu dgu. Attempts: 0 of 3 used